What Does Innovation and Innovative Mean?

meaning of innovation

What Is the Meaning of Innovation?

When you say innovation, it has to deal with a new idea, technology, process or solution. Most of the time, it has to begin with a new idea before producing the most awesome technology. The term itself is defined as fresh, original and very effective that produces great impact to the society. However, innovation today varies with inter-disciplinary views. The term expands within a variety of contexts, such as Organizations, Information Technology, Business, Education or Economics. There are a lot of innovation examples but you can begin with the contexts formerly mentioned.

What Does Innovation Mean in Business?

Literally, innovative means to introduce something new and apply the methods. To innovate means not necessarily to invent, but it can gradually involve into changing processes to deliver a better performance. Innovative thinking can lead to improvement and creative solutions. In business, being innovative means building your business with better model and practices. It has something to do with the self-driven mindset. It may not be new but it should be adapting to changes and be much more efficient. In this way, it improves the products and services of a certain business. Innovation means business life and success.

Innovating, Innovation and Innovative

So, what does innovative mean? Being innovative has the mindset of being prepared for potential risks along the way. The meaning of innovation has to involve oneself with something new. You have to take risks and learn from your mistakes. That’s part of innovation and being innovative. You have to admit your mistakes to improve your innovations. Learning and innovation complements one another. If you will not take risks then probably you will not try anything new. Even Steve Jobs and Albert Einstein agree with that. Life is meaningful by being innovative, be innovating and build innovations.

Related Video About the Meaning of Innovation:

In this video, John Madea (RISD President) talks about the need to add “Art” to turn STEM into STEAM at Google.

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